Eligibility & terms
Borrower
Rental property owners (short-term or long-term). US Citizens or Foreign Nationals. No consumer or business credit-bureau pull.
Lien & CLTV
Second lien acceptable up to 75% CLTV.
Prepayment
Early payoff in year one requires payment of all interest that would have accrued through the end of that year. After year one, no prepayment penalty applies.
Use of proceeds
Business purpose only. Borrower represents the loan proceeds will be used for business purposes.
Property
Non-owner occupied short-term or long-term rental property.
Rate & Term
Fixed 18.88%. 36-month maturity; payments amortized over 120 months; balloon due at maturity. 5% origination fee and third-party closing costs (title, inspection/BPO), deducted at closing. No upfront fees. Loan amounts from $200,000 to $3,000,000.
Docs needed
Government ID, entity documents, and proof of ownership. No income verification, no bank-statement asset verification, and no consumer or business credit-bureau pull. Title, valuation, and compliance requirements still apply.
Location Requirements
Available in most U.S. states. Not available in California, Illinois, Massachusetts, Minnesota, Nevada, or Oregon. Nebraska: business entities only. See the full state list
Check if your state is eligible.